Collectively, the amount of Billionaire wealth that has left California in the last month (!) is now in excess of $700B. That means the $2T of California wealth they expected to tax is now down to $1.3T and falling quickly. I would not be surprised if 2026 ended with less than $1T of billionaire wealth in California and decades and hundreds of lawsuits. A complete and total unforced error. Where was the Governor? Where are our leaders?? If they don’t kill this ballot initiative and entice those folks to come back, the California budget will be massively upside down. Only place to get the money is to cut waste, fraud and abuse or increase taxes on the middle class. The latter is much simpler than the former.